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Aviva Investors doubtful about backing Sizewell nuclear power station

Telegraph 6th Feb 2021, One of Britain’s biggest investors has cast doubt over whether it would
back new nuclear power stations due to environmental concerns. Aviva
Investors said nuclear’s ESG (environmental, social and corporate
governance) impact was “far from clear at this time”, even as the
Government backs the technology to help cut carbon emissions  [ which it doesn’t anyway].
Its comments  highlight the challenge facing French state power giant EDF as it seeks
finance for the planned £20bn Sizewell C reactor in Suffolk. EDF is in
talks with the Government over public backing, but will also need to
attract institutional investors.
Nuclear power does not generate carbon dioxide [ yes it does, in its full fuel cycle] but investors also need to be comfortable with the management of nuclear waste, water usage, and the remote but catastrophic risk of a nuclear accident…….

February 7, 2021 - Posted by | Uncategorized

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